www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31175999
31176000

3820 Race Rd, Cincinnati, OH 45211

RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
DO
CA CA 02049653
Lee & Associates San Diego - Carlsbad
JN
CA CA 02205115
NNN Investment Group
Listed by Lee & Associates San Diego - Carlsbad, NNN Investment Group
$3,432,000
77 days on market
Updated 74 days ago

Raising Cane's | Strong Performing Location | Cincinnati, OH

Details
APN 550-0121-0688
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,851
Cap Rate 4.75%
NOI $163,000
Occupancy 100%
Tenancy Single
Brand/Tenant Raising Cane's
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options (5) - 5 Year
Price per SqFt $1,204
Broker Co-Op Yes
Year Built 2019
Acreage 1.270
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/30/2019
Ground Lease No
Ownership Fee Simple (Land & Building)
Sale Condition 1031 exchange

Corporate Raising Cane's Lease | Absolute NNN | Hard Corner Signalized Intersection

Marketing description

This offering represents the opportunity to acquire a fee simple interest in a single-tenant Raising Cane’s located at 3820 Race Road in Cincinnati, Ohio. The asset consists of a 2,851 square foot freestanding quick service restaurant with a drive-thru, situated on a 1.27-acre parcel and constructed in 2019. The property is 100% leased to Raising Cane’s Restaurants, LLC under a corporate guaranteed absolute NNN lease, providing passive ownership with zero landlord responsibilities.

Raising Cane’s is a nationally recognized QSR brand with more than 900 locations and over $5 billion in annual systemwide sales. The lease features approximately 7.8 years of remaining term with 5% rental increases throughout the primary term and 10% increases in each of the five renewal options. The subject property is a top-performing location, ranking as the most visited Raising Cane’s within a 10-mile radius and benefiting from a low rent-to-sales ratio, supporting long-term tenant profitability and operational stability.

Strategically positioned at the signalized intersection of Race Road and Bridgetown Road, the property sits within a dense retail corridor anchored by major national tenants including Kroger, Target, Walmart, Home Depot, and Lowe’s. The site benefits from strong traffic counts exceeding 30,000 vehicles per day and is surrounded by a dense residential population of over 212,000 people within a five-mile radius, with average household incomes exceeding $92,000. Located just 12 miles from downtown Cincinnati within a metro of over 2.3 million residents, the property is well positioned within a growing and economically diverse market that supports sustained consumer demand.

Investment highlights

  • Corporate Raising Cane’s Lease – Established Brand – 15-Year Lease – 850+ Locations Across 43 States

  • Absolute NNN Lease – Zero Landlord Responsibilities – Scheduled Rent Increases

  • Strong-Performing Location – 2.9% Rent-to-Sales Ratio – #1 Visited Raising Cane’s Location in 10-mile radius (Source: Placer.ai)

  • High-Density Retail Corridor Along Race Road/Glenway Ave – Hard Corner Signalized Intersection – Surrounded by Shopping Centers, Hospitals, and Schools

  • Strong Population Density in Cincinnati MSA – 5-Mile Population over 212,000 – Proximity to Cincinnati/Northern Kentucky International Airport and Downtown Cincinnati

Listing Contacts

RB
CA CA 01826517
Lee & Associates San Diego - Carlsbad
DO
CA CA 02049653
Lee & Associates San Diego - Carlsbad
JN
CA CA 02205115
NNN Investment Group
Listed by Lee & Associates San Diego - Carlsbad, NNN Investment Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$163,000.00
$13,583.33/mo

Valuation Metrics

0
DSCR
4.75%
Cap Rate
4.75%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591